Central Association For The Blind Inc

Is Central Association For The Blind Inc Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Central Association For The Blind Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Central Association For The Blind Inc

Central Association For The Blind Inc (EIN: 150543587) is a nonprofit organization based in Utica, NY, classified under NTEE code G41Z. The organization reported total revenue of $123.1M and total assets of $128.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central Association For The Blind Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Central Association For The Blind Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Central Association For The Blind Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating a highly efficient use of funds regarding executive salaries or a structure where executive compensation is not reported in this category, which is a strong positive for transparency and resource allocation.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Central Association For The Blind Inc:

• Consistent revenue growth over the past decade, from $11.8M in 2014 to $23.6M in 2023.
• No reported officer compensation across all 13 filings, indicating strong financial stewardship.
• Healthy financial surplus in every reported period (e.g., $23.6M revenue vs. $16.8M expenses in 2023).
• Significant asset growth, increasing from $35.9M in 2014 to $113.7M in 2023, demonstrating long-term stability.
• Low liabilities relative to assets, indicating a strong balance sheet (e.g., $14.9M liabilities vs. $113.7M assets in 2023).

Frequently Asked Questions about Central Association For The Blind Inc

Filing History

IRS 990 filing history for Central Association For The Blind Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Central Association For The Blind Inc's revenue has grown by 209.4%, moving from $7.6M to $23.6M. Total assets increased by 306.8% over the same period, from $28.0M to $113.7M. Total functional expenses rose by 167.6%, from $6.3M to $16.8M. In its most recent filing year (2023), Central Association For The Blind Inc reported a surplus of $6.8M, with revenue exceeding expenses. The organization holds $14.9M in liabilities against $113.7M in assets (debt-to-asset ratio: 13.1%), resulting in net assets of $98.8M.

Year-by-Year Financial Summary

• 2023: Revenue of $23.6M, expenses of $16.8M, and assets of $113.7M (revenue +7.9% year-over-year).
• 2022: Revenue of $21.9M, expenses of $15.2M, and assets of $105.6M (revenue -26.4% year-over-year).
• 2021: Revenue of $29.7M, expenses of $13.7M, and assets of $109.2M (revenue +19.3% year-over-year).
• 2020: Revenue of $24.9M, expenses of $12.9M, and assets of $80.0M (revenue +59.3% year-over-year).
• 2019: Revenue of $15.6M, expenses of $11.9M, and assets of $64.7M (revenue -8.2% year-over-year).
• 2018: Revenue of $17.0M, expenses of $10.9M, and assets of $58.3M (revenue +4.5% year-over-year).
• 2017: Revenue of $16.3M, expenses of $10.7M, and assets of $51.7M (revenue +9.1% year-over-year).
• 2016: Revenue of $14.9M, expenses of $10.0M, and assets of $44.2M (revenue +22.2% year-over-year).
• 2015: Revenue of $12.2M, expenses of $9.1M, and assets of $37.9M (revenue +3.6% year-over-year).
• 2014: Revenue of $11.8M, expenses of $8.0M, and assets of $35.9M (revenue +8.0% year-over-year).
• 2013: Revenue of $10.9M, expenses of $7.5M, and assets of $32.4M (revenue +21.7% year-over-year).
• 2012: Revenue of $9.0M, expenses of $6.9M, and assets of $28.9M (revenue +17.6% year-over-year).
• 2011: Revenue of $7.6M, expenses of $6.3M, and assets of $28.0M.

Data Sources and Methodology

This transparency report for Central Association For The Blind Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.